Students will first register a free account at aamcfinancialwellness.com Each academic term a series of courses offered by the AAMC will be assigned.  The assignments will be communicated via email, posted to the Financial Aid Website and to the Facebook group page.  Each course can consist of learning modules, videos, exercises and an assessment.  Students will have the entirety of the academic term (fall or spring) to complete each course.  For every course successfully completed a student will earn one entry into the scholarship drawing.

Participation is tracked and students need not email regarding their completion.

Understanding your student loans is critical to avoid financial pitfalls, make informed decisions about your future, helps you to be a responsible borrower, and effectively manage your debt.  The first step is to gather information.  Ask yourself, "Do I know my loan servicer?  How many loans do I have?  What's my outstanding student loan debt?"  To help you begin effectively understand and manage your federal student loans we have made a simple form that sets you on the path.  If you complete this Know Your Loans form,  and have already completed their AAMC term coursework will receive an additional entry into the scholarship drawing.

Budgeting is important for individuals because it provides a roadmap for managing finances effectively. Budgets allow you to gain control of your finances, achieve financial goals, prepare for emergencies, reduce and manage debt  and reveal hidden spending habits.  By actively managing your finances through budgeting you can build a more secure financial future.  If you don't already have a budget you can use this form to build one.  Once you've completed and  submitted it, you can earn a bonus entry into the scholarship drawing once the standard challenge has been completed.

Repaying your federal student loans is a reality all borrowers must face.  While it may feel insurmountable, making a plan in your first, second, third or fourth year will help make the ordeal feel less challenging.  Each year,  during the spring we bring in outside presenters to offer expert information on student loan repayment.  Two presentations are offered.  One is held in early March and one in early April.  Each lasts approximately one hour and are held after hours on site in the hospital.  Food is provided to all attendees and we ask you register in advance.  Students who register and attend will complete a bonus challenge and receive an entry into the scholarship drawing if they have completed their assigned AAMC coursework.  The dates of the presentations will be posted to the Central Hub as well as our Facebook group page and website.

Over the course of the academic year the AAMC will hold webinars covering a wide range of topics.  Previous sessions have included credit, home buying, investment opportunities, insurance and paying taxes.  A full calendar will be posted to the Central Hub.  Students who register and attend a AAMC webinar complete a bonus challenge and earn an additional entry in the scholarship drawing.  All you need to do is register for the webinar and complete the Bonus Entry Form.  When submitting the form remember to upload a screenshot of the Zoom webinar screen with your screen name clearly displayed.

Remember, students need to complete the standard challenge before any bonus challenges are considered.

The AAMC has created a calculator to help medical and dental students and residents manage their student debt and finances.  The MLOC and DLOC calculators and organizers provide a secure location to track student loans and repayment plans.  The tool is an invaluable resource and completion will earn students a bonus entry into the scholarship drawing.  Make sure to complete the Bonus Entry Form and take a screenshot of the completed calculator.  Then upload the screenshot here.